This property looks like a bad Mid-Term investment with a projected -8.13% first-year return on $147k initial cash invested.
-8.13%
Cash On Cash
4.88%
Cap Rate
0.76
DSCR
$4,862
Rent
-$996
Cashflow
Cash Flow
$4,862 income − $5,858 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,141
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,862
Total Expenses
$5,858
Mortgage P&I
68%
$3,300
Property Taxes
14%
$696
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$535